Exemption under section 35(1)(ii): association approved for research tax relief subject to accounting and annual reporting requirements. The Secretary, Department of Science & Technology approved the Jhaverbhai Patel Research Centre for research-related tax exemption under clause (ii) of sub section (1) of section 35 for natural or applied sciences, subject to maintaining a separate account for research sums and furnishing an annual return of scientific research activities to the prescribed authority by 30 April in prescribed forms; the approval is effective for three years from 1 December 1976.
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Provisions expressly mentioned in the judgment/order text.
Exemption under section 35(1)(ii): association approved for research tax relief subject to accounting and annual reporting requirements.
The Secretary, Department of Science & Technology approved the Jhaverbhai Patel Research Centre for research-related tax exemption under clause (ii) of sub section (1) of section 35 for natural or applied sciences, subject to maintaining a separate account for research sums and furnishing an annual return of scientific research activities to the prescribed authority by 30 April in prescribed forms; the approval is effective for three years from 1 December 1976.
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